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Most US iPhones to be 'sourced' in India, says Apple CEO amid trade war with China
Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.
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